ive got a real estate license, $10000 and good credit and I want to invest

[Natasha Crosby]

I know its not a lot of money and i don't have much experience. I wholesaled one property before and have since been trying to educate myself on investing. I would like to wholesale to raise more capital and have been looking into lease option deals. I am a member of my local reia but what other contacts should I be making? I guess what im trying to ask is if you had a license, $10000 and good credit... where would you start?  I greatly appreciate any and all comments. 

Much Success 

 Natasha 

[Thomas Dionne]

What do you consider good credit? if its 720 plus I would do this but wholesaling in my area just isn't great, maybe yours is better:

1. Get more unsecured money via cards and credit lines, id stay away from installment loans until i saw a house I wanted for sure.

2. bid and buy the house cash. You'll own it unencumbered with very small payments at 0% interest for a year, giving you plenty of time to mess up without loosing anything. I only say this because i assume 10k houses suck in your area as they do in most and that IF you had 100k, you'd buy like a 50k house.

3. Find someone you know and trust that knows about fixing things (rehab) and have them look over what your doing.

4. get 3-4 quotes on all things you don't do yourself.

5. call a few Realtors with credentials over and see what they say it could sell for and then under rehab it.

6. When it all works out and you make money, don't go crazy, go slow.